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Property profile & analytics

112 Pegram Ln Fredericksburg, VA 22408

  • Commercial real estate
  • 0.47 lot acres
Value Estimation
Location Intelligence
Property ID
US87-2861872
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 112 Pegram Ln

Lot size
0.47 lot acres
Zone code
C3 - COMMERCIAL 3
Property type
Commercial real estate
APN
23-A-144R
APU
23A144R

Description

This exceptional commercial property, located at 112 Pegram Lane in the heart of Fredericksburg, VA, presents a unique investment opportunity. The 1,250 square foot building sits on a desirable half-acre lot, offering ample space and potential for expansion. Currently configured as a four-office space layout, the property also boasts a generously sized conference room, perfect for meetings and presentations. A fully equipped kitchen and two full bathrooms add to the functionality and convenience. Recent renovations have modernized much of the building, leaving only minor finishing touches needed to complete the transformation. The roof is only five years old, ensuring long-term durability, and the property features a newer heat pump for efficient climate control. The kitchen is outfitted with brand-new appliances, ready for immediate use. The C3 commercial zoning allows for a variety of uses, making this property highly versatile and adaptable to a range of business needs. Its central location in Fredericksburg provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving community. This is a rare opportunity to acquire a well-maintained, centrally located commercial property with significant upside potential. The combination of its size, location, and recent upgrades makes this an attractive investment for discerning buyers. Contact us today to schedule a viewing and explore the possibilities.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $245,000
  • CAP approach

    CAP return
    Estimation
    6%
    $350,000
    6.5%
    $335,000
    7%
    $295,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $310,000
    Geo Method
    $320,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $350,000
    Retail
    $315,000
    Mixed-Use
    $295,000
    Hospitality
    $300,000
    Educational
    $355,000
    Residential Income
    $345,000
    Energy
    $290,000
    Income-Based Land
    $325,000
    Food Service
    $315,000

Location Insight

  • Map
  • Local Demand
City
Fredericksburg
County
Spotsylvania
State
Virginia
Longitude
-77.5028
Latitude
38.2549
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,354
$174,500
$1,000
$175,500
-
$174,500
$1,000
$175,500
More about this property
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